Financial Records Management

Records Management Basics: This covers the fundamentals of records management, including records classification, retention policies, and file organization.

Financial Records Types: This topic includes an overview of the different types of financial records, such as accounting records, bank records, tax records, and financial statements.

Record Keeping Systems: This covers the different record keeping systems available, including paper, electronic, and hybrid systems. This also discusses the advantages and disadvantages of each.

Electronic Record Keeping: This topic covers the process of managing electronic records, including storage, backup, and retrieval methods.

Budgeting: This covers the process of creating and tracking a budget, including financial planning, tracking expenses, and monitoring progress.

Taxation: This covers the process of managing taxation records, including keeping track of payroll tax, sales tax, and income tax records.

Financial Reporting: This covers creating and using financial reports, such as balance sheets, income statements, and cash flow statements.

Fraud Prevention: This topic covers the importance of fraud prevention measures and the records required to monitor and prevent fraudulent activities.

Compliance: This covers records management requirements for regulatory compliance, including SEC regulations, IRS rules, and state-specific requirements.

Document Retention and Destruction: This covers the best practices for document retention and destruction, including records retention policies, archival methods, and disposal procedures.

Accounting records management: The process of organizing and maintaining financial transactions of a business or organization, such as account ledgers, financial statements, and tax returns.

Budget records management: The administration of financial plans that define the resources and expenditures of a company, including budget statements, cash flow projections, and expense tracking.

Payroll records management: The management of employee payment records, including payroll taxes, deductions, and benefits.

Audit records management: The storage and tracking of audit reports, internal audits, external audits, and audits conducted by regulatory bodies.

Tax records management: The retention of all tax-related documents, including personal and business tax returns, W-2s, and 1099s.

Investment records management: The management of investment-related documents, including brokerage statements, investment transactions, and stock certificates.

Loan records management: The maintenance of loan documents, such as loan agreements, repayment schedules, and loan payment records.

Real estate records management: The management of all documents related to the purchase, sale, or lease of real estate, including deeds, titles, and property assessments.

Insurance records management: The retention of all insurance-related documents, including policies, claims, and statements.

Vendor records management: The organization of documents related to vendors who supply goods or services to an organization, including purchase orders, supplier contracts, and invoices.